Alabama Futures Fund

Alabama Futures Fund seeks to be the first significant investment in an early-stage venture that can reach attainable milestones leading to series A financing within 12-24 months. It invests companies with adaptable and coachable founding teams that have identified a significant customer problem and are working towards product market fit. This includes companies at the minimum viable product, pre-revenue and early revenue stages. Because of the risks involved in investing this early, its preference is to stage capital relative to milestones achieved. Therefore, it reserves significant capital for follow-on investments in its most promising companies.

19 past transactions

IQ/ID

Seed Round in 2024
IQ/ID is a company that specializes in the development of tools designed to enhance customer relationship management (CRM) for higher education admissions and enrollment offices. The company focuses on creating CRM data extraction tools that provide valuable insights into admissions communication. Their technology compiles various data points to deliver comprehensive metrics on the applicant funnel stages, incorporating sentiment analysis to assess the tone of communications. This allows clients to identify positive language and mitigate negative behaviors that may influence applicant enrollment. By offering these innovative solutions, IQ/ID enables educational institutions to effectively navigate the complexities of enrollment management.

CModel

Seed Round in 2023
CModel operates a self-service decision intelligence platform designed to assist growth-focused leaders in making timely and informed decisions. By developing advanced decision-intelligence technology, CModel provides businesses with valuable insights into their operations. This enables leadership teams to align their strategies, resources, and teams effectively as they pursue growth opportunities. The platform aims to empower leaders with the tools necessary to drive action and achieve exceptional outcomes.

HealNow

Seed Round in 2023
HealNow is a technology company based in New York that specializes in providing a SaaS-based online ordering and payments platform specifically designed for pharmacies. Established in 2018, HealNow aims to streamline the prescription delivery process by enabling patients to complete essential tasks online, such as paying co-payments, scheduling deliveries or curbside pickups, and answering onboarding questions. By reducing reliance on phone calls and faxed forms, the platform enhances the efficiency of pharmacies, regardless of their size or type, from independent establishments to larger grocery store pharmacies. HealNow's innovative solutions facilitate a smoother onboarding experience and improve patient engagement through technology.

Sequense

Pre Seed Round in 2023
Sequense is a developer of B2B SaaS workflow management software tailored for modern travel advisors. Founded by three women, the company aims to empower travel agency owners, particularly in a sector where a significant portion of businesses are women-owned. Recognizing the challenges posed by outdated and fragmented business operations, Sequense offers a productivity suite designed to streamline daily tasks and enhance operational efficiency. The software allows users to preload reminders and tasks with minimal clicks, significantly reducing redundancy and errors in their workflow. By integrating various organizational tools within a single platform, Sequense enables travel advisors to optimize their business processes, thereby increasing capacity and accelerating onboarding for new advisors. This focus on automation and efficiency positions Sequense as a vital resource for travel entrepreneurs looking to thrive in a competitive market.

Allison

Venture Round in 2023
Allison provides a low-code BaaS platform for community banking and fintechs. It enables businesses to integrate with community banks and credit unions to create financial products, through automation workflows.

Condoit

Venture Round in 2023
Condoit is an electrical engineering software platform that offers innovative design, analysis, and collaboration tools for electrical contractors, engineers, and facility managers. The company focuses on enhancing the efficiency and safety of professionals involved in the installation of electric vehicle chargers and solar arrays. By providing advanced circuit analysis software, Condoit helps users collect and analyze electrical system data, significantly reducing the time and potential for human error in conducting short circuit and arc flash analyses. This proactive approach allows engineers and facility owners to predict system failures before they occur, enabling them to manage short circuits effectively and affordably.

Kaya

Seed Round in 2022
Kaya is a virtual mental health platform established in 2020 and headquartered in San Francisco, California. The company specializes in connecting individuals through clinically-led support groups that cater to shared experiences. Its platform offers evidence-based mental health resources in a secure and private environment, featuring flexible group modalities. By facilitating connections among employees with similar challenges, Kaya enables organizations to prioritize the health and wellness of their workforce. Participants benefit from a sense of community and support, while also acquiring essential skills to enhance resilience both in and out of the workplace.

Stroma Vision

Seed Round in 2022
Stroma is building easy-to-deploy computer vision-based safety solutions to reduce accidents in industrial workplaces.

The Office Exchange

Seed Round in 2022
The Office Exchange Inc. is a marketplace designed to connect clients in the commercial real estate market, facilitating their office space needs. Founded in April 2020 by Devin Davie, Anthony Grivet, and Robyn Ong, the company is headquartered in Denver, Colorado. The Office Exchange offers a platform that provides flexible and affordable office space options, catering to tenants seeking adaptable solutions that were previously difficult to access. By enabling clients to find co-working spaces at reasonable rates, The Office Exchange addresses the evolving demands of the market, allowing businesses to optimize their workspace solutions.

Linq

Seed Round in 2021
Linq is a digital business card startup that offers a mobile-first, AI-enabled customer relationship management (CRM) solution. Designed for small and medium-sized businesses (SMBs) without an existing CRM, Linq provides a comprehensive tool that is easily accessible on mobile devices. For larger organizations that utilize legacy CRMs, Linq serves as an effective mobile frontend compatible with established platforms like Salesforce and HubSpot. This approach allows Linq to cater to a diverse range of clients, simplifying the management of customer relationships and enhancing networking capabilities.

HealNow

Seed Round in 2020
HealNow is a technology company based in New York that specializes in providing a SaaS-based online ordering and payments platform specifically designed for pharmacies. Established in 2018, HealNow aims to streamline the prescription delivery process by enabling patients to complete essential tasks online, such as paying co-payments, scheduling deliveries or curbside pickups, and answering onboarding questions. By reducing reliance on phone calls and faxed forms, the platform enhances the efficiency of pharmacies, regardless of their size or type, from independent establishments to larger grocery store pharmacies. HealNow's innovative solutions facilitate a smoother onboarding experience and improve patient engagement through technology.

Linq

Venture Round in 2020
Social business platform, "linq", is a social media focusing on business interactions. It has features combination from social network like facebook and marketplace. With linq people can shop just like in the real world, interact with sellers and other customers, bargaining, and share their experiences. Their mission is to become the greatest social business app in the world. When customers want to find merchants, merchants want to find distributors, distributors want to find manufacturers, manufacturers want to find investors, the first thing in their mind is linq. They are focused on empowering consumers to shop smarter and retailers to sell smarter, safer, deliver more human interactions, and creating better opportunity for everyone.

Linq

Seed Round in 2020
Linq is a digital business card startup that offers a mobile-first, AI-enabled customer relationship management (CRM) solution. Designed for small and medium-sized businesses (SMBs) without an existing CRM, Linq provides a comprehensive tool that is easily accessible on mobile devices. For larger organizations that utilize legacy CRMs, Linq serves as an effective mobile frontend compatible with established platforms like Salesforce and HubSpot. This approach allows Linq to cater to a diverse range of clients, simplifying the management of customer relationships and enhancing networking capabilities.

Joonko

Seed Round in 2019
Joonko is a Birmingham, Alabama-based company that offers an AI-powered platform focused on enhancing diversity and inclusion within organizations. Founded in 2017, Joonko's platform serves as a diversity and inclusion coach, enabling companies to make intentional improvements in these areas. It provides talent acquisition teams with tools to access a diverse pool of candidates, streamlining the hiring process and reducing the hiring cycle by 17%. Joonko's technology integrates seamlessly with applicant tracking systems, connecting organizations to over 12,000 active, qualified, and diverse candidates across the United States. Additionally, the platform analyzes real-time data to identify unconscious workplace biases and offers actionable insights and recommendations to executives, managers, and employees.

Prepaid2Cash

Venture Round in 2019
Prepaid2Cash is a financial technology company based in Birmingham, Alabama, specializing in the redemption of open-loop prepaid cards, such as those from Visa, MasterCard, American Express, and Discover. The company's web-based platform allows users to easily exchange prepaid cards, often obtained through rebate programs, product promotions, or cash gifts. By scanning their cards, users can directly transfer the balance to their bank accounts or opt for a mailed check, ensuring a hassle-free cash access experience. Prepaid2Cash emphasizes data encryption and stringent security measures to protect transactions, facilitating a secure environment for customers to manage their prepaid card balances efficiently.

Case Status

Seed Round in 2019
Case Status, Inc. is a company that specializes in developing a cloud-based client engagement tool tailored for the legal services industry. Founded in 2017 and headquartered in Birmingham, Alabama, with an additional office in Charleston, South Carolina, Case Status offers an application designed to enhance lawyer-client communications. The platform addresses common challenges faced by legal professionals by providing features that allow law firms to track and measure client satisfaction, send timely updates, and facilitate communication with clients. By leveraging technology, Case Status helps legal practitioners gain real-time visibility into cases while reducing the necessity for frequent meetings.

VirtualCare

Seed Round in 2018
VirtualCare LLC is a healthcare technology company based in Birmingham, Alabama, founded in 2016. It specializes in developing a cloud-based software platform called DoctorWELLington, which enables end-to-end continuity of care for patients. The platform provides access to virtual care, telemedicine services, and primary care physician office visits. Through its telemedicine portal, VirtualCare offers a comprehensive range of services, including urgent care, primary care, and chronic condition management, allowing patients to receive personalized healthcare from the comfort of their homes at a reasonable cost.

Joonko

Seed Round in 2018
Joonko is a Birmingham, Alabama-based company that offers an AI-powered platform focused on enhancing diversity and inclusion within organizations. Founded in 2017, Joonko's platform serves as a diversity and inclusion coach, enabling companies to make intentional improvements in these areas. It provides talent acquisition teams with tools to access a diverse pool of candidates, streamlining the hiring process and reducing the hiring cycle by 17%. Joonko's technology integrates seamlessly with applicant tracking systems, connecting organizations to over 12,000 active, qualified, and diverse candidates across the United States. Additionally, the platform analyzes real-time data to identify unconscious workplace biases and offers actionable insights and recommendations to executives, managers, and employees.
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